Productivity
in sentence
2837 examples of Productivity in a sentence
But even if innovation has not dropped off too much, or picks up again soon, the structural adaptation and behavioral changes needed to take advantage of the concomitant
productivity
gains will take time.
Indeed, even if
productivity
were to expand at the same rapid rate as during the last half-century, global growth would fall by 40%, far below the anemic rate of the last five years.
The first step is to secure economic growth through
productivity
gains.
The needed acceleration in
productivity
growth – by 80% to sustain overall GDP growth and by 22% to sustain per capita income growth at the rates of the last half-century – is daunting.
Three-quarters of the potential pickup in
productivity
could come from “catch-up” improvements, with countries taking steps – modernizing their retail sectors, consolidating automobile production into a smaller number of larger factories, improving health-care efficiency, and reducing food-processing wastage – that have already proven effective elsewhere.
Another significant growth opportunity lies in boosting the employment and
productivity
of women.
There is a strong business and consumer case for improving resource productivity, as it could lead to substantial cost savings.
Even if gains in female labor-force participation and resource-efficient
productivity
growth sustain high rates of economic growth, one key challenge remains: income inequality.
But if the EU had agreed on a VER, European producers would have received that $4 billion from higher sales revenues, and for them this sum would have been a very important shot in the arm, allowing them to invest in higher
productivity
and more sustainable production.
Similarly, Ethiopia has made strides towards shifting agricultural policies and investing more in
productivity
improvements for small farmers, with increased spending helping to boost crop yields over the past several years.
Other projects – including those supported by the United States’ Feed the Future program, the Global Agriculture and Food Security Program, and organizations such as the Alliance for a Green Revolution in Africa – are finding new ways to bolster the
productivity
of small farmers across the developing world.
He also raises the issue of productivity, referring to research by the Trades Union Congress.
But at no point in this discussion have I made any claims about the quality of the jobs created in the UK since 2010, or about the
productivity
of workers.
And that process begins early: as the Nobel laureate economist James Heckman has shown, education of young children has a significant impact on
productivity.
That means not only greater economic inclusion, higher agricultural productivity, strengthened food security, and financial stability, but also lessons concerning responsible and sustainable business practices, corporate governance, and community relations.
Whereas, according to Japan’s central bank, Japanese labor
productivity
grew by more than 10% annually, on average, from 1960 to 1973, Chinese
productivity
has been declining steadily in recent years, from 11.8% in 2001-2008 to 8.8% in 2008-2012, and to 7.4% in 2011-2012.
Though a precise comparison is difficult, there is no doubt that China’s capital coefficient is much higher, implying a larger gap between the growth rate of capital intensity (the total amount of capital needed per dollar of revenue) and that of labor
productivity.
With capital intensity increasing significantly faster than labor
productivity
in China, the inefficiency of investment is clear.
There is substantial evidence to suggest that birthplace diversity within a country’s college-educated workforce is positively associated with
productivity
and economic growth.
By contrast,
productivity
growth, the deepening of automation, or the creation of entirely new tasks would increase labor demand and push up wages.
Germany’s formula for the euro crisis has been to insist on fiscal belt-tightening and structural reforms to reduce future public spending on pensions and wages, make labor markets more flexible, and boost productivity, all in return for emergency loans.
At its simplest, a growth economy should be regarded as one that is likely to experience rising productivity, which, together with favorable demographics, points to economic growth that outpaces the global average.
The index that Goldman Sachs calculates every year for around 180 countries, called a Growth Environment Score (GES), is used to monitor
productivity
and the likelihood of sustainable growth.
The index goes from 0 to 10, with 13 sub-indices for overall growth and
productivity.
This includes material savings, increased productivity, new jobs, and possibly new product and business categories.
The EU’s role in fostering
productivity
gains, economic growth, and employment should increase, with as much as a quarter of spending from the EU budget devoted to human capital and research.
Public infrastructure not only increases aggregate demand; it also increases aggregate supply, as it supports private-sector
productivity
and efficiency.
When people recklessly use antibiotics to fight a common cold, when farmers use antibiotics to boost livestock productivity, or when pharmacological factories emit antibiotics into the environment to cut production costs, the bacteria that the drugs are designed to kill become immune.
As a result, the only feasible forms of production use very few low-skilled workers – and thus operate at low
productivity.
One potential explanation for this “new normal” that has gotten a lot of attention is declining
productivity
growth.
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